Togo : Public spending should reach XOF329 billion in 2020

Investments
Thursday, 28 November 2019 14:55
Togo : Public spending should reach XOF329 billion in 2020

(Togo First) - Investment spending should grow by 15.8% next year, against this year's forecast (where it slumped by 9.5% compared to 2018).

Compared to the supplementary budget issued this month, forecast difference has been reduced to 1.5%.

The government plans overall to spend XOF329 billion on key projects aimed at fostering private investment (which let's emphasize are a major component of its national development plan).

While the education sector will greatly benefit from the rise in public spending, the State also intends to double its investments in the power sector, bringing it to about XOF80 billion. Health and public hygiene will also get a particular attention, with more than XOF44 billion to be spent on productive infrastructures and services. Same goes for infrastructure and transport.

Moreover, public investments in posts, digital economy, and technological innovations could quadruple next year.

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